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Iowa Schools receive $316 million

The first round of school stabilization money has been released by the federal government and school's in Iowa are getting a $316-million slice of the pie. The funding comes with federal guidelines and local school administrators say it's unclear at this time what those are. WACO Superintendent Greg Ray says he hopes it will go to formative assessment. He says it's important for teachers to know how well their students are learning subjects say they can plan appropriately.